Discussion ***Official*** 2022 Stock Market Thread

[AdamK47]

Hell yeah. It's a great time to only be 32 y/o lol.

That's how I felt at 30 during the great recession. So much negativity at the time that nobody wanted to have anything to do with stocks. Those that bought in did well years later.

 

[FelixDeCat]

Well this dip got bought. Wonder if it will continue past the election.

 

[AdamK47]

Well this dip got bought. Wonder if it will continue past the election.

I don't quite see the connection there.

 

[AdamK47]

I have a feeling I'm going to be doing some buying today.

 

[FelixDeCat]

I have a feeling I'm going to be doing some buying today.

Things do look tempting. Just higher rates and maybe a nuclear bomb going off from madman Putin keep the fear level up there.

I think worst case the QQQs see 232 eventually.

 

[dullard]

I have a feeling I'm going to be doing some buying today.

Things are looking like better pricing, but the S&P is still up 2% from a week ago (even including today's 2.6% drop so far). I hope it keeps going down for more buying opportunities.

 

[FelixDeCat]

Things are looking like better pricing, but the S&P is still up 2% from a week ago (even including today's 2.6% drop so far). I hope it keeps going down for more buying opportunities.

I have a feeling you will get your wish.👻

 

[dullard]

I have a feeling you will get your wish.👻

Timber!

 

[IGBT]

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[FelixDeCat]

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Thats what nearly 15 years of Fed coddling will do - lower expectations. Kind of like parent who never spanks the kids. When they get a whippin, its a complete surprise. Looks like another whippin is on the calendar.

Nevertheless, I suspect they will try to rally into milestone data hoping against hope for signs of a drop in the *rate* of inflation growth.

(Prices remain grossly inflated even if the rate of growth goes back to just 2%).


---CPI data is next week. Even if the rate of growth goes down, higher gas prices will probably just kick it back up again.

 

[FelixDeCat]

Jaime Dimon (head of Chase Bank) says we may be headed 20% lower.

 

[IGBT]

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[repoman0]

I am starting to think about cutting my losses a little bit in my after-tax accounts. Good chance I am moving north to NH next year and if I’m giving up a 2.875% 30 year mortgage for a 5-7% one I’m going to pay for as much of the house in cash as I can.

 

[AdamK47]

I am starting to think about cutting my losses a little bit in my after-tax accounts. Good chance I am moving north to NH next year and if I’m giving up a 2.875% 30 year mortgage for a 5-7% one I’m going to pay for as much of the house in cash as I can.

People often succumb to actions derived from emotion in a volatile bear market.

 

[repoman0]

People often succumb to actions derived from emotion in a volatile bear market.

Yeah, not what’s happening here, but thanks for the unsolicited advice I guess. Still have seven figures in the US market in other accounts.

Wife and I have a goal of having the new house paid off in seven years by the time we’re 40. I’ll gladly sell off some after tax stocks to make that happen.

 

[jpiniero]

I am starting to think about cutting my losses a little bit in my after-tax accounts. Good chance I am moving north to NH next year and if I’m giving up a 2.875% 30 year mortgage for a 5-7% one I’m going to pay for as much of the house in cash as I can.

The time to liquidate to buy a house in the future was 6 months ago. At the same time I do think the risk is increasing that the bottom will fall out if Powell continues to say that the Money Printer isn't coming back soon the next time he speaks. Hike odds are still heavy favorite for Triple Hike next time.

Also I wouldn't move to NH unless your job is in a reasonable commutable distance.

 

[repoman0]

The time to liquidate to buy a house in the future was 6 months ago.

I'll make up my losses many times over with the first year of state income tax savings. Not worried about it.

Also I wouldn't move to NH unless your job is in a reasonable commutable distance.

I know you're obsessed with the idea that people are going back to the office, and maybe some will. My wife and I are both not in that group of people.

 

[AdamK47]

Yeah, not what’s happening here, but thanks for the unsolicited advice I guess. Still have seven figures in the US market in other accounts.

Wife and I have a goal of having the new house paid off in seven years by the time we’re 40. I’ll gladly sell off some after tax stocks to make that happen.

I'm always here to help.

 

[dullard]

I am starting to think about cutting my losses a little bit in my after-tax accounts. Good chance I am moving north to NH next year and if I’m giving up a 2.875% 30 year mortgage for a 5-7% one I’m going to pay for as much of the house in cash as I can.

Ask your taxable account broker and and a personal banker at your main bank about their Portfolio Lines of Credit. Depending on the details, you might get a significantly lower interest rate than a mortgage. And you don't have to sell at a loss. Main drawback is that mortgage rates are fixed and lines of credit tend to have variable rates. So keep that in mind.

 

[repoman0]

Ask your taxable account broker and and a personal banker at your main bank about their Portfolio Lines of Credit. Depending on the details, you might get a significantly lower interest rate than a mortgage. And you don't have to sell at a loss. Main drawback is that mortgage rates are fixed and lines of credit tend to have variable rates. So keep that in mind.

Great suggestion, thank you!

 

[jpiniero]

I know you're obsessed with the idea that people are going back to the office, and maybe some will. My wife and I are both not in that group of people.

That attitude is exactly why I'm worried a serious recession is going to be needed to get it done. The S&P is down 35% so far from the ATH and it's done diddly poo.

 

[repoman0]

That attitude is exactly why I'm worried a serious recession is going to be needed to get it done. The S&P is down 35% so far from the ATH and it's done diddly poo.

Bring the serious recession on. Cheap stocks to buy while we’re in our early 30s and we still won’t be in the office when it ends.

Do you know anything about modern collaboration tools? Software and electrical engineers can do their jobs from home recession or not, lol. Especially top performers.

 

[AdamK47]

Bring the serious recession on. Cheap stocks to buy while we’re in our early 30s and we still won’t be in the office when it ends.

Do you know anything about modern collaboration tools? Software and electrical engineers can do their jobs from home recession or not, lol. Especially top performers.

I had my taste of rush hour today on my way to Micro Center to pick up a 4090. I'm done with that mess.

People that want to remain remote need to have it in their employment agreement. It also has tax implications for the employee and the employer.

 

[brianmanahan]

I had my taste of rush hour today on my way to Micro Center to pick up a 4090. I'm done with that mess.

People that want to remain remote need to have it in their employment agreement. It also has tax implications for the employee and the employer.

ooh they've got 4090s in stock?

 

[AdamK47]

ooh they've got 4090s in stock?

Today be the day. They had 100+ in the Columbus store. High availability. Poor scalpers. I'm sure they are going to try anyway.